Preview File Edit View Go Tools Window HelpVmgt120h-j17.pdfPage 5 of 10przy:wwwv=j-zlatykyvvw.vivvvitietea. 6b. 7c. 14d. 16CƠ●₁CCV7. If average inventory was $80,000, sales were $560,000, and cost of goods sold were$480,000 what would be the inventory turnover?Search((.ƠSat Apr 15 2:53 PM

The ratio used for portraying the number of times the inventory is replaced or sold over a specified…

Answered: 7. If average inventory was $80,000,…

7. If average inventory was $80,000, sales were $560,000, and cost of goods sold were $480,000 what would be the inventory turnover? a. 6 b. 7 c. 14 d. 16

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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mgt120h-j17.pdf
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a. 6
b. 7
c. 14
d. 16
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V
7. If average inventory was $80,000, sales were $560,000, and cost of goods sold were
$480,000 what would be the inventory turnover?
Search
((.
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Sat Apr 15 2:53 PM

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pvn.4 The following information pertains to inventory for a company:March 1Beginning inventory = 32 units @ $5.60March 3Purchased 21 units @ 4.30March 9Sold 29 units @ 8.10What is the cost of goods sold, assuming the company uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Fle LUIL Iset Omlat Ticip 10 B I U S A 田 Arial f Cost of Goods Sold3= U Y H. K L M A B C. 43 UFO 44 45 Date Item Quantity Cost Per Unit Total 46 47 Ending Inventory Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses $1.400.00 Gross Profit %=== Net Income AVERAGE COST 70 71 Average Cost Per Unit= Cost of Goods Sold=: Ending Inventory 74 77 Income Statement Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income $1,400.00 Gross Profit %= Sheet1 Sheet2 Sheet3
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A2 please help.....
Applying the lower-of-cost-or-market method to each item of inventory, what should the total inventory value be for the following items? Total Cost Total Market Inventory Item Quantity Cost per Unit Market Value Total per Unit Price Price LCM A 181 $12 $17 $2,172 $3,077 $ B 91 18 16 1,638 1,456 C 70 10 22 25 1,540 1,750 Previous Next
7 3 ences Given the following: Mc Graw Hill January 1 inventory April 1 June 1 November 1 Cost of ending inventory Number purchased 40 60 50 55 205 Cost of goods sold Cost per unit $ 4 7 8 9 a. Calculate the cost of ending inventory using the weighted-average method (ending inventory shows 61 units_ Note: Round the "average unit cost" and final answer to the nearest cent. AS
determine missing amount
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